Meeting the minimum obligations of the 2024 e-invoicing reform already provides a number of new benefits.
But you can take advantage of the initiatives undertaken to bring you into compliance to go beyond the obligations of the reform!
Among the options available to comply with the new regulatory requirements, you can choose a Partner Dematerialization Platform (PDP) to fully benefit from the opportunities of the reform to optimize your accounting and financial management.
PDPs will offer different service levels with their own functionalities: for the most advanced ones like Flowie, they will allow companies to easily implement innovative processes to support cutting-edge financial and accounting management!
Examples of Additional Services Depending on the PDP Chosen
1. Collections and Reminder Management
This type of service must allow effective management of receivables by improving the collection of funds owed. This includes reminder functionalities that automatically schedule personalized alerts and email notifications to customers, based on the established payment terms. This proactive approach minimizes payment delays and improves the cash flow cycle.
2. Validation Process Automation
The objective here is to automate validation processes that are often complex and involve many stakeholders. This requires implementing invoice validation mechanisms based on defined business rules and advanced technological means to understand and interpret the context of invoices in order to mobilize the right stakeholders at the right time.
3. Payment-Related Services
PDP solutions will be able to offer a complete range of services to directly integrate advanced and secure payment systems into the platform. We can already imagine the implementation of flexible payment options such as installment payments, batch payments, direct debit, financing services, factoring, and reverse factoring, etc.
4. Advanced Invoice Status Tracking System
This type of service must allow effective management of receivables by improving the collection of funds owed. This includes reminder functionalities that automatically schedule personalized alerts and email notifications to customers, based on the established payment terms. This proactive approach minimizes payment delays and improves the cash flow cycle.
5. Integrated Analysis and Reporting Systems
To generate dashboards and reports through the analysis of invoicing data. These insights can help you identify trends, evaluate financial performance, and formulate effective financial strategies.
6. Budget Management
Dematerialization platforms will also be able to integrate functionalities to optimize budget management: defining budgets according to configurable dimensions (by team, by person, etc.), real-time budget tracking, control thresholds, etc.
7. Improved Supplier Relationships
The digitization of exchanges considerably improves access to information for your suppliers. Invoice statuses become easily accessible, errors, blocks, or potential rejections can be identified more quickly. Exchanges become smoother, which makes it possible to reduce and resolve disputes more quickly.
8. Pre-Accounting Automation
Some PDPs will allow the automation of pre-accounting tasks. This is a preparatory step that precedes formal accounting and aims to collect, sort, verify, and organize the documents and information that will then be processed by an accountant.
9. Security and Fraud Prevention
Innovative solutions will be offered to address these issues. They primarily rely on strengthening KYC (Know Your Customer) and KYB (Know Your Business) processes, but also on IBAN security systems and access rights management to prevent accounting fraud.
The Essential Technological Levers for Implementing These Innovative Services
PDPs that wish to implement these innovative services must be able to deploy significant technological resources:
1. Integration with Other Systems
Such as management software (ERP), customer relationship management systems (CRM), treasury management software (TMS), or banks via open banking technologies. This API-based logic makes it possible to integrate and communicate with other company systems but also no-code platforms like Zapier, Make, or N8N to continue deploying new high-value-added services.
2. Data Governance
Many advanced services require clean and actionable data. A centralized platform allows for optimized data management to deploy other innovative services such as decision support and AI.
3. Decision Support and AI Predictive
Using AI and machine learning to analyze new data from e-invoicing systems will provide means of understanding, interpretation, and prediction to optimize financial and accounting management.